On the Chicago Mercantile Exchange milk futures and cash dairy prices were mostly higher Monday. Class III settled with many months 12-47 cents/cwt higher. The second quarter closed at an average of $24.30, Q3 ended at $24.38/cwt, and quarter four rose to $23.12/cwt. 2022 months saw some tremendous value added as well jumping 15-30 cents/cwt. Class IV markets were in the green a bit as well. Q2 2022 months all traded $25.12/cwt and 20 cents stronger. Deferred months jumped as well.
CME product markets saw Dry whey was down $.0050 at $0.7550. One sale was recorded at that price. Cheese Blocks were up $.0075 closing at $2.1375. No sales were recorded. Cheese Barrels were $.04 higher, closing at $2.07. One sale was made at that price. Butter was up $.0525 to $2.7775. Four sales were recorded ranging from $2.77 to $2.7775. Nonfat dry milk was unchanged at $1.86. Two sales were recorded at $1.8550 and $1.86.
